Exemptions

FBT exemptions for work-related electronic devices From 1 April 2016, your small business clients can provide their employees with multiple work-related devices without incurring a fringe benefits tax (FBT) liability. The devices can include: laptops tablets calculators GPS navigation receivers mobile phones. Your clients can purchase the devices at any time, but can't give them to their employees until 1 April 2016 or they will be liable for FBT. This benefit may be in addition to or part of the employee’s salary or wages package. To be eligible, your client's business must have an annual turnover of less than $2 million. You should [...]